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119-s-4442119th CongressWALLET

Save America’s Family Forests Act of 2026

Sponsored By: Senator Cassidy, Bill [R-LA]

Introduced

Summary

Makes reforestation tax breaks bigger and inflation‑adjusted. This bill would expand how much landowners can immediately expense for reforestation under the Internal Revenue Code and add a cost‑of‑living adjustment to those limits.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Bigger reforestation expensing limits

If enacted, this bill would raise immediate expensing limits for eligible reforestation costs. The first per-property limit would increase from $10,000 to $30,000 and the second limit from $5,000 to $15,000. For tax years beginning after December 31, 2026, these dollar amounts would be indexed for inflation using the federal cost-of-living adjustment with calendar year 2025 substituted as the base, and increases would be rounded to the nearest $100. These changes would apply to reforestation costs eligible under the existing section 194 rules and to amounts paid or incurred in tax years starting after December 31, 2026.

Deduction for disaster reforestation costs

If enacted, you would be able to elect a new federal deduction for disaster reforestation costs on timber property. Per property, the deduction would be limited to $500,000, or $250,000 if married filing separately. Total deductions across all your properties would be limited to $1,000,000, or $500,000 if married filing separately. Only costs to replant uncut standing timber damaged by a President-declared natural disaster in the prior five years would qualify. You could not deduct amounts paid back by a government cost-sharing program unless you included those payments in gross income. If you sell or dispose of the timber or property within 10 years after claiming the deduction, part could be recaptured as ordinary income. Recapture would be limited to the deduction you claimed and prorated for partial sales. There would be no recapture for dispositions due to casualty, condemnation, government taking, or your death. The deduction would apply to amounts paid or incurred in tax years starting after December 31, 2026, and the dollar caps would be indexed for inflation for later years. The Secretary would issue rules for making the election and for allocating limits among partners and controlled groups.

Sponsors & CoSponsors

Sponsor

Cassidy, Bill [R-LA]

LA • R

Cosponsors

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 4/29/2026

Roll Call Votes

No roll call votes available for this bill.

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